The stock of Roblox Corporation (NYSE:RBLX) last traded at $37.82, up 2.77% from the previous session.
RBLX stock price is now -5.81% away from the 50-day moving average and 2.19% away from the 200-day moving average. The market capitalization of the company currently stands at $23.89B.
With the price target enhanced from $35 to $48, Goldman Upgraded its rating from Sell to Neutral for Roblox Corporation (NYSE: RBLX). On February 08, 2024, Barclays Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $26 to quote $46, while ‘Needham’ rates the stock as ‘Buy’
In other news, Guthrie Michael, Chief Financial Officer sold 30,000 shares of the company’s stock on Apr 03 ’24. The stock was sold for $1,081,737 at an average price of $36.06. Upon completion of the transaction, the Chief Financial Officer now directly owns 396,709 shares in the company, valued at $15.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’24, Director Baszucki Gregory sold 13,000 shares of the business’s stock. A total of $489,304 was realized by selling the stock at an average price of $37.64. This leaves the insider owning 9,760,603 shares of the company worth $369.15 million. A total of 22.57% of the company’s stock is owned by insiders.
During the past 12 months, Roblox Corporation has had a low of $24.88 and a high of $47.65. As of last week, the company has a debt-to-equity ratio of 23.11, a current ratio of 0.91, and a quick ratio of 0.91. The fifty day moving average price for RBLX is $40.09 and a two-hundred day moving average price translates $36.99 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for Dec, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.52, beating analysts’ expectations of -$0.55 by 0.03. This compares to -$0.49 EPS in the same period last year. The net profit margin was -41.15% and return on equity was -602.61% for RBLX. The company reported revenue of $749.94 million for the quarter, compared to $579.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.52 percent. For the current quarter, analysts expect RBLX to generate $923.13M in revenue.
